China's Huawei source says no plan for Alcatel-Lucent stake
Published: 27 Aug 2009 21:14:30 PSTBEIJING, Aug 28 - China's Huawei has no plans in taking a stake in Alcatel-Lucent <ALUA.PA>," a Huawei source said on Friday, two days after the French-American telecoms equipment maker's stock climbed on speculation a Chinese rival could acquire it.
"Huawei has no plans to take a stake in Alcatel-Lucent," said the company source, who requested anonymity because of the sensitive nature of the issue.
Shares of Alcatel-Lucent SA jumped 16 percent on Wednesday on the rumour, and a rating upgrade by Natixis. [ID:nLQ72419]
Huawei and domestic rival ZTE Corp <0763.HK> have been expanding their operations aggressively in overseas markets, but analysts said they would face stern regulatory scrutiny before approval. ($=6.83 yuan)
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